Scientific Games (NASDAQ:SGMS) Stock Price Up 2.4%

Scientific Games Corp (NASDAQ:SGMS) traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as $21.79 and last traded at $22.32, 65,806 shares were traded during mid-day trading. A decline of 92% from the average session volume of 867,519 shares. The stock had previously closed at $21.79.

Several research analysts have recently issued reports on SGMS shares. ValuEngine upgraded shares of Scientific Games from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub upgraded shares of Scientific Games from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.17.

The firm has a market capitalization of $1.87 billion, a P/E ratio of -41.65 and a beta of 2.19. The business has a 50-day moving average price of $18.68 and a 200-day moving average price of $20.77.



Scientific Games (NASDAQ:SGMS) last issued its earnings results on Thursday, August 1st. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). Scientific Games had a negative return on equity of 0.52% and a negative net margin of 7.25%. The firm had revenue of $845.00 million during the quarter, compared to the consensus estimate of $859.67 million. On average, analysts expect that Scientific Games Corp will post -0.92 earnings per share for the current fiscal year.

In other Scientific Games news, Director Ronald O. Perelman bought 120,000 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were acquired at an average cost of $20.29 per share, for a total transaction of $2,434,800.00. Following the transaction, the director now owns 7,519 shares in the company, valued at $152,560.51. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald O. Perelman bought 110,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were acquired at an average price of $19.73 per share, for a total transaction of $2,170,300.00. Following the completion of the transaction, the director now owns 7,519 shares in the company, valued at approximately $148,349.87. The disclosure for this purchase can be found here. Corporate insiders own 40.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mason Street Advisors LLC grew its stake in shares of Scientific Games by 2.1% in the 1st quarter. Mason Street Advisors LLC now owns 29,433 shares of the technology company’s stock valued at $601,000 after purchasing an additional 612 shares during the period. Arizona State Retirement System lifted its position in shares of Scientific Games by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 40,465 shares of the technology company’s stock worth $802,000 after buying an additional 721 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Scientific Games by 1.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,160 shares of the technology company’s stock worth $1,153,000 after buying an additional 788 shares during the period. Atria Investments LLC bought a new position in shares of Scientific Games during the 2nd quarter worth approximately $554,000. Finally, Texas Permanent School Fund boosted its stake in Scientific Games by 4.4% in the 1st quarter. Texas Permanent School Fund now owns 37,581 shares of the technology company’s stock valued at $767,000 after buying an additional 1,574 shares in the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

Scientific Games Company Profile (NASDAQ:SGMS)

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games.

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